https://www.taxtmi.com/caselaws?id=407022 At the stage of issuing process, the complaint and supporting material were treated as sufficient where they disclosed prima facie ingredients of criminal breach of trust and cheating, with the defence version reserved for trial. The pendency of arbitration and the existence of contractual terms did not, by themselves, negate the alleged criminality in a commercial transaction. The discussion also notes that a company may face prosecution as a juristic person, directors can be proceeded against where the complaint contains specific allegations, and delay or an earlier Section 202 inquiry does not automatically defeat process when the complaint otherwise discloses an offence. en-us Mon, 26 Apr 2021 00:00:00 +0530 Wed, 28 Apr 2021 11:53:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407022 At the stage of issuing process, the complaint and supporting material were treated as sufficient where they disclosed prima facie ingredients of criminal breach of trust and cheating, with the defence version reserved for trial. The pendency of arbitration and the existence of contractual terms did not, by themselves, negate the alleged criminality in a commercial transaction. The discussion also notes that a company may face prosecution as a juristic person, directors can be proceeded against where the complaint contains specific allegations, and delay or an earlier Section 202 inquiry does not automatically defeat process when the complaint otherwise discloses an offence. Case-Laws SEBI Mon, 26 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407022